Decisions on investment allocation in the post-keynesian growth model

Decisions on investment allocation in the post-keynesian growth model

In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.

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Main Authors: Araujo,Ricardo Azevedo, Teixeira,Joanílio Rodolpho
Format: Digital revista
Language:English
Published: Departamento de Economia 2012
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612012000300007
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spelling oai:scielo:S0101-416120120003000072012-10-05Decisions on investment allocation in the post-keynesian growth modelAraujo,Ricardo AzevedoTeixeira,Joanílio Rodolpho Post-Keynesian growth model structural change multi-sector models In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.info:eu-repo/semantics/openAccessDepartamento de EconomiaFaculdade de Economia, Administração, Contabilidade e Atuária da Universidade de São Paulo (FEA-USP)Estudos Econômicos (São Paulo) v.42 n.3 20122012-09-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612012000300007en10.1590/S0101-41612012000300007
institution SCIELO
collection OJS
country Brasil
countrycode BR
component Revista
access En linea
databasecode rev-scielo-br
tag revista
region America del Sur
libraryname SciELO
language English
format Digital
author Araujo,Ricardo Azevedo
Teixeira,Joanílio Rodolpho
spellingShingle Araujo,Ricardo Azevedo
Teixeira,Joanílio Rodolpho
Decisions on investment allocation in the post-keynesian growth model
author_facet Araujo,Ricardo Azevedo
Teixeira,Joanílio Rodolpho
author_sort Araujo,Ricardo Azevedo
title Decisions on investment allocation in the post-keynesian growth model
title_short Decisions on investment allocation in the post-keynesian growth model
title_full Decisions on investment allocation in the post-keynesian growth model
title_fullStr Decisions on investment allocation in the post-keynesian growth model
title_full_unstemmed Decisions on investment allocation in the post-keynesian growth model
title_sort decisions on investment allocation in the post-keynesian growth model
description In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.
publisher Departamento de Economia
publishDate 2012
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612012000300007
work_keys_str_mv AT araujoricardoazevedo decisionsoninvestmentallocationinthepostkeynesiangrowthmodel
AT teixeirajoaniliorodolpho decisionsoninvestmentallocationinthepostkeynesiangrowthmodel
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